1 Reason United Airlines Stock Is Approaching All-Time Highs

United Airlines (NASDAQ: UAL) stock hit an all-time high in January, only to decline in the spring as the negative impact of potential tariffs on travel demand took hold. Since then, the stock price has recovered and is only a single-digit percentage away from the high reached earlier in the year. Moreover, the stock appears to have more room to run. Here's why.The reason for the recovery in the stock price isn't necessarily a story of demand coming back. While it appears to have recovered from the lows immediately after the tariffs began, the airlines have adjusted to a level of demand lower than what they expected at the start of the year.Instead, it's an issue of supply. In the words of CEO Scott Kirby on the last earnings call: "Supply is adjusting once again, just like it did last year. Demand feels to us like it is inflected upward." He also said, "Bigger picture, for United, the industry and United industry-specific transformation we've been discussing over the last few years continues to play out."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool